Helm Bank USA
Purchasing Real Estate Q4 2020
Q4-2020 Miami Beach/Barrier Island, FL Sales
Overview Miami Coastal Mainland
Condo & Single Family
Dashboard
Year-over-Year
Graphs
Miami Coastal Mainland
Condo
Insights
- Listing inventory and number of sales declined from year-ago levels.
- The highest median sales price in more than seven years.
- The largest rate of annual decline in sales in more than six years.
- The largest market share of purchase mortgage sales in more than seven years.
Miami Coastal Mainland
Single Family
Insights
- Single-family median and average sales price rose annually to a new record.
- Listing inventory fell year-over-year to the lowest second-quarter total in six years.
- The largest market share of purchase mortgages sales in more than seven years.
- The largest rate of annual decline in sales in over six years.
Condo Matrix by Neighborhood
Aventura
Insights
- Single family fell sharply year-over-year during the market shutdown.
- Price trend indicators showed mixed results during the market shutdown.
Brickell
Insights
- Sales fell sharply year over year during the market shutdown.
- Price trend indicators showed mixed results during the market shutdown.
Coconut Grove
Insights
- Condo sales fell sharply year-over-year during the market shutdown.
- Condo price trend indicators showed mixed results during the market shutdown.
- Single family price trend indicators showed mixed results during the market shutdown.
- Single family listing inventory continued to show significant declines from the prior-year quarter.
Downtown
Insights
- Condo price trend indicators mostly moved higher year-over-year.
- Condo listing inventory and number of sales declined during the shutdown.
- Single family price trend indicators continued to rise.
- Single family listing inventory and the number of sales fell sharply year-over-year.
Palmetto Bay
Insights
- Sales and listing inventory fell sharply year over year during the market shutdown.
- Price trend indicators showed mixed results as marketing time fell.
Pinecrest
Insights
- Sales and listing inventory fell sharply year over year during the market shutdown.
- Price trend indicators showed mixed results as marketing time fell.
South Miami
Insights
- Price trend indicators and average sale size rose year over year.
- Listing inventory slipped as the number of sales declined sharply.
Luxury
Insights
- Condo price trend indicators showed mixed results as compared to the year-ago quarter.
- Despite the shutdown, listing inventory saw little year-over-year change.
- Single family price trend indicators moved above prior-year levels.
- Single family listings declined year over year for the fourth straight quarter.
Disclaimer
The data included in this report is issued by Douglas Elliman Real Estate in collaboration with Miller Samuel Real Estate Appraisers & Consultants. Helm Bank USA is not responsible for any of the content in the report and disclaims any responsibility for its accuracy. The report is posted for informational purposes and should not be construed as an endorsement of the report or of either company by Helm Bank USA.